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Summary:

SpaceandPeople plc is the UK and Germany's leading facilitator of Experiential Marketing and temporary, in-mall retail sales, with businesses also developing in India and Russia. Today's update that the Company expects results for the full year to be in line with market expectations is encouraging and a reminder of both their strong market position and the attractive low ratings that the shares still trade on. Trading has been strong from existing clients and well regarded new partners such as Land Securities, Capital Shopping Centres and German heavyweights MEC. In their main markets: UK venue sales rose by 16% to £21.4m and net income rose 5%; German venue sales rose by 52% to EUR10.1m and net income by 70%. Final results are expected on March 25th and we retain our fair value target for the shares of 150p, versus 94p currently.

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